Howe & Rusling Inc. Cuts Holdings in Broadcom Inc. $AVGO

Posted by Defense World Staff on Feb 9th, 2026

Howe & Rusling Inc. lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,306 shares of the semiconductor manufacturer’s stock after selling 6,950 shares during the quarter. Broadcom accounts for approximately 4.1% of Howe & Rusling Inc.’s portfolio, making the stock its largest position. Howe & Rusling Inc.’s holdings in Broadcom were worth $59,815,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Gallacher Capital Management LLC increased its position in shares of Broadcom by 3.3% during the third quarter. Gallacher Capital Management LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $448,000 after acquiring an additional 43 shares in the last quarter. Savant Capital LLC boosted its stake in Broadcom by 8.1% during the 3rd quarter. Savant Capital LLC now owns 114,798 shares of the semiconductor manufacturer’s stock valued at $37,873,000 after purchasing an additional 8,608 shares during the last quarter. Flynn Zito Capital Management LLC increased its holdings in Broadcom by 1.8% during the 3rd quarter. Flynn Zito Capital Management LLC now owns 5,256 shares of the semiconductor manufacturer’s stock worth $1,734,000 after purchasing an additional 93 shares in the last quarter. Machina Capital S.A.S. raised its stake in shares of Broadcom by 1.9% in the third quarter. Machina Capital S.A.S. now owns 22,795 shares of the semiconductor manufacturer’s stock worth $7,520,000 after purchasing an additional 416 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Broadcom by 5.4% in the third quarter. J.W. Cole Advisors Inc. now owns 76,055 shares of the semiconductor manufacturer’s stock valued at $25,091,000 after purchasing an additional 3,919 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Hyperscaler CapEx jump supports multi‑year demand for Broadcom’s AI chips — Google and Meta signaled much larger 2026 CapEx plans, which investors view as direct upside to Broadcom’s TAM for TPUs/MTIA and other data‑center products. Broadcom and Nvidia Stocks Rise. How Google’s AI Spending Will Boost the Chip Makers.
Positive Sentiment: Broad market tech rebound led by chip names boosted AVGO — a Friday surge in large‑cap semiconductors helped lift Broadcom as investors bought the dip after recent tech weakness. Dow jumps 1,000 points as Nvidia, Broadcom spark tech-led market comeback
Positive Sentiment: Momentum narrative: Broadcom framed as a “Mag Seven” gatecrasher — positive press around Broadcom’s ability to challenge AI‑heavy megacap performance added to buying interest. Broadcom Rallies 6% to Challenge Magnificent Seven Dominance on Wall Street
Positive Sentiment: Analyst upgrade/support — Zacks moved Broadcom to a stronger rating, providing a fresh catalyst and third‑party validation for buyers. Zacks.com
Neutral Sentiment: ETF flows and index construction may add steady demand — new ETFs and factor funds that include AVGO can create incremental bid but are not immediate earnings drivers. Big Tech Core: New Burney ETF Packs Apple, Nvidia, Google, Broadcom Punch
Neutral Sentiment: Contrarian views and valuation debate continue — some analysts argue the market still misprices AVGO; useful for medium/long‑term investors but mixed for near‑term trading. Broadcom: The Market Is Likely Getting It Wrong
Negative Sentiment: Short‑term pullback concerns and analyst caution — recent coverage highlights that AVGO had pulled back earlier, and some analysts flag downside/earnings sensitivity, which keeps volatility elevated. Broadcom Stock Is Pulling Back. Here’s What Analysts Expect Next.
Negative Sentiment: Periodic profit‑taking and headline volatility — several outlets explain why AVGO has traded down at times this week, underscoring that sentiment swings around AI narratives can reverse quickly. Broadcom (AVGO) stock trades down, here is why

Broadcom Stock Performance

Shares of AVGO stock opened at $332.49 on Monday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The firm’s 50-day simple moving average is $348.59 and its two-hundred day simple moving average is $339.31. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 69.85, a P/E/G ratio of 1.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the business posted $1.42 EPS. Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is currently 54.62%.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 30,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the sale, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 1,928 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total transaction of $631,998.40. Following the sale, the insider directly owned 23,582 shares in the company, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 779,901 shares of company stock worth $284,069,237 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVGO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Robert W. Baird set a $420.00 price target on shares of Broadcom in a report on Friday, December 12th. Bank of America increased their price objective on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Evercore lifted their target price on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $437.28.

Read Our Latest Stock Analysis on Broadcom

About Broadcom

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.